PRIME, PERTH HILLS RETAIL / COMMERCIAL – FREEHOLD SHOPPING CENTRE PROPERTY INVESTMENT

Details

• OFFERED FOR SALE is a FULLY LEASED freestanding Freehold Suburban Shopping Centre Property of 1145sqm GLA; and on a large 3289sqm Commercial zoned corner site.
• Developed over 2 adjoining Ground Level buildings and with 2 separate and conveniently accessible on-site Parking Lot areas.
• A historically successful and fully leased Retail/Commercial centre; and with over 45 years of its original founding-family still being its current owner/managers proprietors.
• Expanded from its original development in to its now 11 shops, some with adjoining multi-shop locations and with substantially strong, long term active traders.
• A true local Hills Shopping Centre icon – being well exposed and highly visible, amidst its established high-end garden suburb residences.
• Also strategically located on a major suburban through-road and providing additional off-site parking bays for its overflow centre patrons.
• Providing its Freehold-owners with a Financially sound Retail Investment – and currently generating a Gross Annual Rental of some $293Kpa [plus Outgoings and GST];
• and also in noting that the balance of its recent 12/18 month CPI related 2024 Rent Reviews have all now been invoked for the remainder of this calendar year – it’s offering a current and attractive Net Return in excess of some 7%pa on the current Asking Price.
• It is attractively Offered For Sale by its [now retiring] owners, by way of Expressions of Interest, from some $4M.

To register your interest or to obtain further details, please contact the exclusive selling agent: David Ellis / of Ellis Corporate – 08 9388 9951 / 0438 800 724 / david@elliscorp.com.au